AI and Fraud Risks
, speaking at 's annual meeting, highlighted AI's capacity to escalate fraud, comparing it to the pervasive influence of nuclear weapons. He expressed serious concerns about AI-generated scams becoming the "growth industry of all time."
Buffet emphasized the threat of deepfakes and voice-cloning technologies, which can create highly convincing but false content, enabling scammers to impersonate acquaintances and solicit money or sensitive information.
Personal Reflections and Company Position
This year's meeting marked the first without Buffett's longtime partner, , with whom he shared a deep professional and personal bond, reflecting on their relationship and Munger's influence on investments.
Despite his reservations about AI, Berkshire Hathaway remains heavily invested in technology, particularly in , while also holding a substantial cash reserve for potential high-yield acquisitions. Buffett downplayed the significance of the recent Apple stock sell-off.
